Guoquan Food (Shanghai) (HKG:2517) Full Year 2024 Results
Key Financial Results
- Revenue: CN¥6.47b (up 6.2% from FY 2023).
- Net income: CN¥230.6m (down 3.8% from FY 2023).
- Profit margin: 3.6% (down from 3.9% in FY 2023).
- EPS: CN¥0.084 (down from CN¥0.089 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Guoquan Food (Shanghai) Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) missed analyst estimates by 16%.
In the last 12 months, the only revenue segment was Retail - Grocery Stores contributing CN¥6.47b. Notably, cost of sales worth CN¥5.05b amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to CN¥664.2m (56% of total expenses). Explore how 2517's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Consumer Retailing industry in Hong Kong.
Performance of the Hong Kong Consumer Retailing industry.
The company's shares are up 5.6% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for Guoquan Food (Shanghai) you should be aware of.
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Discover if Guoquan Food (Shanghai) might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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